Forum Post: Whenever the Fed prints a dollar, we the 99% get stuck having to pay interest on that dollar.
Posted 13 years ago on Oct. 28, 2011, 1:48 a.m. EST by EndTheFed2012
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Whenever the Fed prints a dollar, we the 99% get stuck having to pay interest on that dollar. The insanity of the system is that the 99% did not ask for the dollar to be printed in the first place, but we get stuck with the bill anyways. Helicopter Ben Bernake and his buddies get to decide when to print money all on their own, and call it "quantitative easing."
Abe Lincoln and Garfield were the last presidents to confront this idiotic and criminal system of money supply. However, they didn't get to finish their fight, because they were both assassinated...
Let's repeal the Glass-Steagall Act and restore our constitutionally given right to create our own currency, WITHOUT the burden of interest. End the FED and their ironclad hold on America and the world economy.
For more information about these matters consult the documentaries "Money as Debt", "Money as Debt II", "Debtocracy".
When the government runs a deficit, an amount equal to the penny is added to the amount of cash and treasuries held in savings. When we run a budget surplus, it subtracts an amount equal to the penny from the amount of savings in cash and treasuries held in savings.
The national debt is a measure of the total amount of savings in cash or treasuries in society.
Any other sources that are not documentaries?